XRP (CRYPTO: XRP) is down 2.5% over the past day but could be setting up for a major catch-up rally, according to a prominent analyst.
XRP's Key Price Target
In a June 1 podcast, analyst Cryptoinsightuk noted that based on prior consolidation zones and liquidity structures XRP could witness a potential move towards the $2.70-$2.80 region.
The thesis centers around XRP reclaiming prior consolidation ranges after sweeping liquidity below support.
He also pointed to heavy liquidity clusters sitting above current XRP price levels.
